How Much MONEY Do Coffee Shops REALLY Make?
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- Опубліковано 14 тра 2024
- This video is from an interview on they UA-cam Channel UpFlip. It is a terrific interview with a coffee shop owner who started with nothing and grew his business to 3 Shops and a Roaster business. It is an excellent break down of how he did it. It tells the truth about how profit works and It's very inspiring for anyone thinking of starting a business!
We've been loving watching your channel as well. :) The shorts are taking over my feed.
Worked at panda express for 2 years and General managers most Panda express store made 40% profit. Crazy good their system is amazing. I will never do such business with 5% profit margin
Panda is a great business! They don't franchise, own all the land and buildings and as far as I can tell spend VERY little on advertising. So I can see how they are very profitable! Thanks for the comment!
correction... I just found out they have started franchising! But only 7% of their 2,300 locations are franchise owned.
I just opened my first coffee shop and think those profit numbers are low. My goal is 20% net profit. Need my prime cost to be around 50%
I would love to know how that goes! Some of my Sonics ran 20% profit, some lost money... but the average was about 10%. Please let me know how your profit turns out after you get a couple p&l's under your belt. Thanks for checking out my video!
@@therealpaulreiser I will, currently we are 45% food 55% beverage sales. Washington state minimum wage is currently $16.25 for tipped employees but I set us up to be efficient.
He's luckier than most. Most coffee shop owners that I know make $70_000 to $90_000 of profit. Its basically a professional job. You're not going to get rich doing it.
He has three locations so that's kind of in line with what you're saying
That seems like a low profit margin for a coffee shop